Company No: 04476554 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	454		606
		454		606
Current assets
Stocks		208,684		183,314
Debtors	4	11,932		14,170
Cash at bank and in hand		3,621		8,336
		224,237		205,820
Creditors: amounts falling due within one year	5	( 3,315,517)		( 3,232,757)
Net current liabilities		(3,091,280)		(3,026,937)
Total assets less current liabilities		(3,090,826)		(3,026,331)
Net liabilities		( 3,090,826)		( 3,026,331)
Capital and reserves
Called-up share capital		100,001		100,001
Profit and loss account		( 3,190,827 )		( 3,126,332 )
Total shareholder's deficit		( 3,090,826)		( 3,026,331)

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Invisible Hands Music Limited (registered number: 04476554) were approved and authorised for issue by the Director on 13 July 2026. They were signed on its behalf by:

C Kennedy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Invisible Hands Music Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Old Library Chambers, 21 Chipper Lane, Salisbury, Wiltshire, SP1 1BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Invisible Hands Music Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The company meets its day to day working capital requirements through the continued support of its director. The balance on the director's current account as at 31 July 2025 is £3,279,601 (2024: £3,183,672). The director has indicated that he will not seek repayment of this balance in preference to any other creditors and therefore considers it appropriate to prepare the statutory accounts on the going concern basis.

Turnover

Turnover represents amounts receivable relating to the year from sales of music and books. Turnover is recognised at the point of sale.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		1

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 August 2024	6,836		17,176		24,012
At 31 July 2025	6,836		17,176		24,012
Accumulated depreciation
At 01 August 2024	6,771		16,635		23,406
Charge for the financial year	16		136		152
At 31 July 2025	6,787		16,771		23,558
Net book value
At 31 July 2025	49		405		454
At 31 July 2024	65		541		606

4. Debtors

	2025		2024
	£		£
Trade debtors	11,106		14,170
Other debtors	826		0
	11,932		14,170

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	25,684		37,649
Amounts owed to director	3,279,601		3,183,672
Accruals	4,720		8,950
Other taxation and social security	5,512		2,486
	3,315,517		3,232,757

6. Related party transactions

Included within creditors is £3,279,601 (2024: £3,183,672) due to the director.

7. Ultimate controlling party

The ultimate controlling party is the director, C Kennedy.